Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Sun Aug 2, 2015 11:24 AM CDT

Live Cattle: The October contract closed $1.80 higher at $145.925. Despite the higher close the secondary (intermediate-term) trend remains down with weekly stochastics bearish. Initial support is at the new 4-week low, last week's low, of $143.30. Major (long-term) support is between $141.95 and $137.40.

Feeder Cattle: The August contract closed $1.05 higher at $210.725 last week. The secondary (intermediate-term) trend remains down with next support near $207.05, a price that marks the 67% retracement level of the previous uptrend from $196.675 through the high of $227.80. Weekly stochastics are bearish indicating pressure should continue to be seen. The major ...

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